Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

تمرين 10

The audit firm's valuation specialist would likely be brought in to assist in the audit of fair value measurements at an entity when the following is present:
A) The entity is a new audit client.
B) Significant uncertainty exists in key inputs to the entity's valuation models.
C) The entity has a financial instrument with a Level 2 input.
D) The entity owns a large and diverse portfolio of publicly traded stock.